Mar 18, 2013

Vietnam - Gov't gets tough on counterfeit crime

VietNamNet Bridge – A Government decree takes force today
stating that people violating manufacturing laws by producing and trading
counterfeit goods will be subject to severe fines.

Under the new law, violators will
receive a fine of up to VND100 million (US$4,700) for illegally manufacturing
fake goods, while people involved in the trade of these goods will have to pay
up to VND70 million ($3,340).

Truong Quang Hoai Nam, head of
the Ministry of Industry and Trade’s Market Watch Department, said that the
decree was issued in an attempt to curb a problem that has existed for years.

The old regulations were
inconsistent and ineffective as they failed to classify the different types of
counterfeit goods. The new decree clearly regulates all the various categories
in order to allow agencies to easily deal with violations, Nam said.

The manufacturing and trading of
counterfeit goods has a negative impact on both human health and the local
business environment, he added.

Do Thi Quyen of Ha Noi’s Thanh
Xuan District said that customers would prefer to buy authentic and quality
goods, even if the price is higher.

She said that therefore the
public expected authorities to effectively stop the trade of low-quality and
deceptive products.

Nguyen Thanh Tuan, of HCM City’s
District 1, said that the reputations of businesses were negatively affected
due to the circulation of products that had been illegally faked.

Source: VNS

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